Rising cash rates a concern - India fin min official
NEW DELHI, Oct 29 (Reuters) - Rising overnight Indian interest rates are a matter of concern but the liquidity position in the money market is comfortable now, a senior finance ministry official said on Wednesday.
The official, who did not wish to be identified, also said short selling of stocks was no longer a concern as the stock market regulator had taken steps on the issue.
Indian overnight cash rates rose to a two-week high of 12.75 percent on Wednesday as treasury bill auctions and expectations of a bigger sale of government securities this week pushed up demand in a holiday-shortened week. (Reporting by Manoj Kumar; Editing by Charlotte Cooper)
© Thomson Reuters 2009 All rights reserved
One Year Later
A year after militants laid siege to Mumbai, the country still remains very vulnerable. Full Article | Full Coverage
Liberhan Commission Report
The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya. Full Article
